UPDATE 1-Arriva H1 pretax rises, says trading on track


(adds detail) LONDON, Aug 22 (Reuters) - British bus and train operator Arriva Plc reported a 40 percent rise in pretax profit on Friday, reflecting rising demand for its bus operations and the first contribution from its UK CrossCountry rail franchise. The company, which is one of the largest operators of London buses, posted pretax profit of 66.3 million pounds ($123.9 million) on revenue 59 percent higher at 1.44 billion pounds. Operating profit at its UK rail division rose ...

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